Kuwait's Global in talks to sell Al Jazeera Steel stake

London, August 22, 2014

Kuwait-based Global Investment House is in talks to sell its 51 per cent in stake in Oman’s Al Jazeera Steel Products, said a report.

The bank, which has restructured its $1.7 billion of debt twice in the past five years, held discussions with regional investment firms interested in the business, sources were quoted as saying in the Muscat Daily report.